After several years of sitting out the acquisition market, Glimcher Realty Trust has jumped into action. In the last month, the Columbus, Ohio-based REIT closed on a $58.3 million deal to acquire the 927,000-square-foot Tulsa (Ohio) Promenade and...
Crate & Barrel has taken a very patient approach to rolling out its CB2 concept, which features chic, but low-cost furniture more in the mold of Ikea. But the company took a big step in raising the concept's profile with the announcement that...
It's always Saturday morning at Cereality. At the fast-food chain, pajama-clad servers offer more than 30 varieties of cereals (from Oatmeal to Lucky Charms) and 40 toppings (from bananas to malted milk balls) while cartoons play nonstop on...
NAI Global's annual real estate report shows that retail rents in all sectors made huge jumps across the board. Downtown rents, for example, jumped more than 17 percent from 2004 while regional mall rents rose 9.5 percent. The study also ranked...
Just as the Sears/Kmart and Federated/May mergers underscored the diminishing role of department stores (and therefore danger signs for the traditional mall), the proposed $17.4 billion buyout and break up of Albertson's Inc., has similar...
New England Development has partnered with Cabot, Cabot & Forbes and Commonfund Realty Inc. to develop a 4.5 million-square-foot mixed-use complex, including 1.2 million square feet of open-air retail, on a dilapidated industrial park located...
The development pipeline for large-scale retail projects had slowed to a trickle. So it was with great fanfare that two big projects debuted in Richmond, Va., in September 2003...
Macquarie CountryWide Trust purchased an additional 10 percent stake in the First Washington portfolio from joint venture partner Regency Centers Corp. for $269.8 million. This brings Macquarie's total stake in the venture to 75 percent. Regency...
Private equity money continues to pour into the retail sector. In January alone, Sports Authority and Burlington Coat Factory were purchased by private equity. A portion of the mega-Albertson's deal was also funded by another private equity firm...